Cadeera is starting in the underserved $700bn home decor market but its technology has the potential to improve the customer experience in a host of eCommerce industries.
Cadeera, UK-based AI Ecommerce Startup, Selected for Prestigious Creative Destruction Lab at Oxford University
London, UK / September, 2021 – Cadeera, the AI preference engine that understands people, is delighted to announce the company’s acceptance into the 2021/22 cohort of the Creative Destruction Lab (AI stream) at Oxford University’s Saïd Business School.
Creative Destruction Lab (CDL) is a nonprofit organization that delivers an objectives-based program for massively scalable, seed-stage, science- and technology-based companies. Applicants must pass a rigorous set of assessments and interviews before receiving an invitation to join the cohort of visionary founders.
Cadeera’s founder and CEO, Dr Sebastian Spiegler, said “I am truly excited that Cadeera has been accepted into this prestigious programme. We are looking forward to working together with CDL’s brilliant minds to take Cadeera to the next level.”
As part of the AI cohort, Cadeera will work with leading entrepreneurs, scientists, and investors to accelerate the company’s growth during a series of in-person workshops. CDL alumni include the smart glasses company North, AI research company BenchSci, and quantum cloud business Xanadu.
Cadeera is built on the belief that keyword-driven search is fundamentally broken today. Consumer surveys find that most shoppers (59%) believe visual information is more important than text information when shopping online; a number that rises to 85% in relation to furniture shopping online.
Yet eCommerce remains a text-driven discovery experience. Cadeera’s multimodal AI, which blends computer vision with natural language processing, redresses this balance and places inspiration at the heart of ecommerce.